Best Buy launches digital music store
Company says new service will offer 2.7 million song titles priced at 99 cents each per download
By Parija B. Kavilanz, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Best Buy will soon launch its own digital music store that will carry more than 2.7 million song titles priced at 99 cents per download, the company announced Thursday.

Best Buy (Charts), the No. 1 electronics retailer, said the new service, which consumers can access at www.bestbuy.com/digitalmusicstore, is powered by RealNetworks (Charts)' Rhapsody 4.0 music service.

The company said customers will have the option to buy individual songs without subscribing to the service.

Additionally, consumers can also subscribe to the service for $14.99 a month.

The service is expected to debut Oct. 16, the company said.

Shares of Best Buy and rivals Circuit City (Charts) and Wal-Mart (Charts) closed higher Wednesday.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.